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May’s snap UK election could be good for GBP investors — #SaxoStrats
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The British PM is trying to strengthen her standing ahead of serious Brexit talks with the European Union. Saxo Bank’s chief economist Steen Jakobsen takes a closer look at the powerplay.
GBP rose to a two-and-a-half month high against USD when May announced a surprise election for June 8.
Speculation surrounding a UK general election has been rife ever since Article 50 was triggered by May's government on March 29 to begin the formal Brexit process for the UK to depart the EU.